Lowball appraisals likened to new redlining policies

Maryland homeowner Jacqulyn Priestly joins BNC to talk about the lowball appraisals of homes in her area, which is being called “the new redlining.”

Priestly says she’s in the process of getting her home refinanced and she worries “that the home will not appraise for what it cost to build.”

Priestly, who owns her home in Prince George County, said that she and others had been hit hard by these practices. She and her neighbors have seen similar homes in neighboring counties be valued twice as high as homes in Prince George County.

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